On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 86,000 shares 860 286,00 976,000 authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained eanings Total stockholders' equity 2,122,00 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6,400 shares of its own common stock at $39 per share on October 11 b. Sold 1,350 treasury shares on November 1 for $45 cash per share. c. Sold all remaining treasury shares on November 25 for $34 cash per share Journal entry worksheet Record the purchase of 6,400 shares of its own common stock for $39 cash per share Note: Enter debits before credits Import a new list 1 Record the purchase of 6.400 shares of its own comon / stock for $39 cash per share i cash 2 Record the reissue of 1.350 shares of the treasury stock for $45 cash per share 3 Record the reissue of the remaining shares of the treasury stock for $34 cash per share. 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase Total contributed capital Teta Total stockholders equity